G7 Ambassadors have welcomed the adoption at first reading of the bill lifting a moratorium on farmland sales in Ukraine, they said in a joint statement posted on the Twitter account of the French Presidency of the G7 Ambassadors’ Support Group in Kyiv.
“G7 Ambassadors welcome the launch of a legislative process to end the moratorium on the purchase and sale of land. This will help unleash the enormous potential of Ukraine’s agricultural sector and spark economic development,” the statement said.
On November 13 the Verkhovna Rada approved a bill on the land market (No. 2178-10) at the first reading. A total of 240 MPs voted for the document.
In particular, the draft law provides for the lifting of the land sale ban from October 1, 2020.
Persons who can acquire ownership of agricultural land are expected to be citizens of Ukraine, territorial communities, the state, legal entities of Ukraine, foreign nationals and stateless persons in the event of inheritance and the obligation to sell the land within one year.
The ECHR judgment, stating that a moratorium on the circulation of agricultural land in Ukraine violates the rights of Ukrainian citizens with respect to the requirements of the European Convention on Human Rights, came into force in August. (Ukrinform/Business World Magazine)
